Review of this week｜Bitcoin ecosystem RGB, Atomics and other protocols are hot; BlackRock iShares Ethereum Trust successfully registered

BlockBeats will summarize the industry's key news content for the week (10.30-11.05) in this article, and recommend in-depth articles to help readers better understand the market and learn about industry trends.

Weekly News Recap

Justin Sun's platform Poloniex was hacked for over $100 million, and the hacker bought TRX causing its price to soar

On November 10th, according to PeckShieldAlert, the cryptocurrency exchange Poloniex experienced an unusually large amount of funds being transferred out, suspected to be a result of an attack. Poloniex's losses are currently estimated to be over $114 million, with $49 million coming from the TRON network. Poloniex's official statement said that the exchange's wallet has been disabled for maintenance, and once the wallet is re-enabled, they will update the public. After stealing the funds, the hacker transferred them to multiple new addresses, with the address starting with 0x0A59 having purchased over 206 million TRX, worth approximately $22.8 million. Subsequently, that address transferred 10.514 million GLM to the Golem Network token contract address, worth approximately $2.56 million.

Bitcoin ecosystem strengthens wealth effect, Binance launches ORDI; RGB, Atomicals protocols attract attention

This week, the Bitcoin ecosystem has reached a high point of popularity, with multiple ecological protocols continuously rising in value. On November 7th, Binance launched Ordinals (ORDI) and opened spot trading pairs, followed by the launch of ORDI's 1-50x U perpetual contract, pushing fomo sentiment to a high point. At the same time, the BRC-20 token sats has also become the focus of profit-seekers, with a 24-hour increase of up to 43.89%. In addition to the tokens on the Ordinal protocol, protocols such as Atomicals and RGB have also attracted user attention.

Related reading: "Binance launches ORDI, questioned by Ordinals founder, and trading platform doesn't understand what BRC is?", "BTC derivative protocols: Who has the most potential alpha?"

SEC Chairman: Restarting FTX under new leadership with clear understanding of the law is possible

On November 9th, Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), stated that if Tom Farley, CEO of Bullish, a cryptocurrency trading platform under Block.one, or anyone else wanted to restart FTX, I would say, "Act within the legal framework." If the new leadership team operates with a clear understanding of the law, it is possible to restart FTX.

In addition, Gensler stated, "Build investor trust in what you're doing, make sure you're making appropriate disclosures - and don't mix all these functions together, don't become a counterparty to your customers. Or use their crypto assets for your own purposes." Subsequently, the prices of tokens related to the bankruptcy section skyrocketed, and FTT once broke through $4.

Binance Announces Launch of Web3 Wallet

Binance announced the official launch of the Binance Web3 wallet at the "Binance Blockchain Week" in Istanbul. The wallet is a self-hosted cryptocurrency wallet built into the Binance app, supporting the exchange of thousands of tokens across multiple networks, various DApps, and allowing users to quickly transfer funds between the trading platform and the wallet, as well as earn profits using cryptocurrencies. The Trust Wallet Chinese channel forwarded BlockBeats' tweet mentioning that Binance's Web3 wallet is supported by the Trust Wallet team. Related reading: "Binance Web3 Wallet First Experience, Better Than OKX?", "Trust Wallet May Help Binance Again After Acquisition, TWT Rises Over 20% in 24 Hours"

BlackRock iShares Ethereum Trust Successfully Registered in Delaware

On November 9th, according to relevant data, BlackRock iShares Ethereum Trust was successfully registered in Delaware.

NEO's dual-token model sees volatile fluctuations in GAS prices, drawing attention back to the veteran public chain

The price of GAS has surged by over 140% in a single week, reaching a high of $28. GAS is the burning token in NEO's dual-token model, and this three-week-long rally has once again brought attention to the veteran public chain, which was co-founded by Da Hongfei and Zhang Zhengwen in 2014 under the name Antshares before being rebranded as NEO in 2017. However, as of the time of this report, GAS has plummeted by over 30% in a single day and is now trading around $13. NEO founder Da Hongfei stated on Discord that "I have no right to comment on other people's investment choices, but I can confirm that NEO Global Development (NGD) and NEO Foundation (NF) have not participated in any NEO/GAS trading activities, except for expenses related to normal operations."

Related reading: "Is the veteran public chain Neo rising again? Fuel token GAS's crazy surge attracts attention".

"The Simpsons" mentions NFT and blockchain, and the related NFT floor price briefly rose to 0.35 ETH before plummeting

On November 6th, last Sunday evening in the United States, NFT and blockchain were prominently featured in "The Simpsons". In the Halloween special episode of the iconic animated series "Treehouse of Horror 34", the show repeatedly mentioned the overvaluation of NFTs on the blockchain in the first chapter titled "Wild Barts Can't Be Broken".

On the same day, the "Springfield Punks" NFT series, based on "The Simpsons", was released and made available for free minting by its creator Rino Russo. The NFT project's floor price briefly rose to 0.35 ETH, but has since fallen back to 0.026 ETH. It is reported that Rino Russo has been focusing on creating "The Simpsons" related artwork for many years, and the Springfield Punks NFT series was first planned in August.

NEAR Foundation and Wintermute $10 million dispute, NEAR co-founder Illia Polosukhin appointed as CEO of the foundation

On November 8th, Wintermute founder and CEO Evgeny Gaevoy posted on social media that NEAR Foundation and Aurora refused to fulfill their commitment to sell stablecoin USN worth $11.2 million to FTX. In response, Illia Polosukhin, who was newly appointed as the CEO of NEAR Foundation this week, stated that Wintermute's redemption request is inconsistent with protecting individuals affected in the NEAR ecosystem. Wintermute's purchase of USN from Alameda also raised significant concerns about KYC/AML, as the source of USN is suspicious and may be related to illegal activities and/or may be subject to future litigation or court orders. In addition, Wintermute is trying to use USNPP for last-minute arbitrage to profit from the USN spread provided by Alameda estate. Wintermute's desire to end arbitrage by purchasing bad assets is inconsistent with the purpose of USNPP, so ABL rejected Wintermute's request.

Related reading: "NEAR Foundation refuses to fulfill $10 million commitment, 'Yilong' publicly argues with Wintermute on the first day of his return"

Elon Musk's Grok model becomes "with single wealth password", and counterfeit tokens emerge one after another

Elon Musk announced on social media that the AI model Grok system has been released. Musk has always had close ties with the cryptocurrency industry. After the model was released, some people immediately deployed tokens with the same name on the chain, trying to speculate for profit. The first batch of ERC-20 GROK tokens appeared on November 4th, with 4,300 holders. According to BlockBeats, there are currently more than 600 tokens named "GROK" on Ethereum alone, with different price fluctuations. Related reading: "Grok model becomes 'with single wealth password', rising five times in two days"

Shardeum Whitepaper Reveals: SHM Token Set with a Maximum Limit of 508 Million, 51% Will Be Allocated to the Community as Node Rewards

On November 9th, Shardeum, a Layer1 blockchain based on EVM, released its whitepaper. The Shardeum token (SHM) is designed as a deflationary asset with a fixed maximum supply of no more than 508 million, which will not be changed by any future voting. In addition, all transaction fees will be burned and not paid to any miners or validators, making SHM increasingly scarce in design. SHM tokens confiscated from validators will also be destroyed, further increasing the scarcity of SHM. With the maturity of Shardeum technology and wider adoption, it is expected that the supply of SHM will become extremely deflationary, as the number of tokens burned will exceed the number of tokens distributed as node rewards.

This Week's Popular Articles

BTC Derivative Protocol: Who is the Most Promising Alpha?

This article introduces the advantages of protocols such as RGB, Lightning, TaprootAssets, BitVM, Atomicals, Ordinals, RSK, STX from the perspectives of legitimacy and potential. While BTC ETF speculation is skyrocketing, the ecosystem of BTC derivative protocols is also rapidly developing. Only a protocol that has both the enthusiasm for speculation and legitimacy in the community has the potential to become a truly promising alpha.

Six Bitcoin Wallet Beginner Interaction Tutorials, Don't Miss the Next Wealth Password Again

Many Bitcoin ecological projects have emerged, and each project has launched its own Bitcoin wallet. Users must configure the corresponding wallet product in advance when participating in these "new games", otherwise they will miss the opportunity to "grab the head mine". This article summarizes the registration and usage methods of recent popular Bitcoin ecological protocol wallet products for readers' reference.

Bitcoin ecosystem news｜"Zoo Series" BRC-20 tokens and NFTs surge across the board
On November 7th, Binance announced the launch of ORDI 1-50x U perpetual contract. This news attracted more attention to the already active Bitcoin ecosystem. With the launch of UniSat Wallet's brc20-swap mainnet on October 31st, several BRC-20 tokens named after various animals that were deployed as early as March were wiped out in the past week, including cats, foxs, BEES, owls, fish, $PIG, bird, cock, lion, etc. The prices of these "animal coins" have risen along with the active atmosphere of the Bitcoin ecosystem.

被低估的 RGB 协议，BTC 复杂生态的坚实根基
Translated:

The underestimated RGB protocol, a solid foundation for the complex BTC ecosystem

Recently, the Bitcoin ecosystem has been hot, and the encryption researcher DaPangDun has expressed his views on the future and current status of the RGB protocol. The RGB protocol has been around for a long time and has strong legitimacy, reflecting the innovation of the BTC ecosystem. In this article, the author also introduces potential projects and participation opportunities in the RBG ecosystem.

Looking for the next "BRC20": Mining Atomicals (ARC20) and Lightning Network

The Lightning Network for Bitcoin will be to currency what Visa is to money. The BRC20 and ETHS tracks have already produced strong wealth effects, and there are still many concepts and projects to be mined in the BTC ecosystem, such as the RGB protocol and BitVM. This is just the beginning. This article introduces Atomicals (ARC20) and the Bitcoin Lightning Network. Let's take a look at how to participate in ARC20.

Two-day surge of 5 times, Musk's Grok model becomes "wealth password with a single belt"
On November 5th, Elon Musk announced that the AI model Grok system has been released. For the cryptocurrency industry, a highly focused name will not only be limited to discussions, and Grok has become the object of speculative attention. According to on-chain data, the first batch of ERC-20 GROK tokens appeared on November 4th, with 4,300 holders. BlockBeats has learned that there are currently over 600 tokens named "GROK" on Ethereum alone, with varying price fluctuations.

盘点 7 个 Binance 潜在上线合约的币种
Translation:

Checklist of 7 potential contract currencies for Binance listing
A few days ago, BADGER quickly caught the market's attention after experiencing consecutive 2-day increases of over 20%. Binance subsequently announced the launch of U-based contracts on November 9th, which helped to further boost the market. This move is also a standard process for Binance's recent contract launches. According to Look on Chain data, there are currently 65 currencies on the Binance platform that only have spot trading and no contracts. BlockBeats has identified 7 currencies that have recently been hot and worth paying attention to.

-The US October CPI and PPI data were released on November 14th and 15th, respectively.

How will spot ETFs kick off the next bull market for Bitcoin?

The largest cryptocurrency by market value, Bitcoin, has been developing rapidly recently, mainly due to the expectation that Bitcoin spot ETF will soon be approved in the United States. The reasons for the SEC's refusal of the ETF are becoming less and less, the decision time is being postponed time and time again, and the SEC has given up on appealing the Grayscale ruling, etc... All signs indicate that the time for the spot Bitcoin ETF to be approved seems to be getting closer and closer. According to a recent report by JPMorgan, the SEC may soon approve multiple applications for spot Bitcoin ETFs, with the most likely approval time being before January 10, 2024.

Pixels 2nd Anniversary: Carrying the Metaverse Pixel Wind Farm Chain Game of Ronin Ecology

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